PPL PHARMA : Breakout Stock#PPLPHARMA #breakoutstocks #trendlinebreakout #Trendingstock #swingtrade
PPL PHARMA : Swing Trade
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
PPLPHARMA trade ideas
Title: "PPL Pharma Breaks IPO Resistance: Bullish Momentum Description:
PPL Pharma stock has recently displayed a strong bullish trend, breaking above its IPO price with increasing trading volume. This breakout signals heightened investor confidence and potential upside. With buyers stepping in aggressively, the stock could be poised for further gains as the market reacts to this momentum. Keep an eye on continued volume and price action for future opportunities.
Not a buying advice, for educational purpose only..........
PPLPHARMA - Cup and handle - WklyPPLPHARMA
**Piramal Pharma Ltd. (PPLPHARMA)** Chart to show a **Cup and Handle** pattern, a common bullish continuation pattern. This pattern, along with volume and price targets, provides clues for potential upward movement.
### Key Elements:
1. **Cup Formation**:
- The rounded bottom (cup) suggests a period of consolidation after a downtrend. This shows that selling pressure has eased, and the stock is in accumulation.
- The price retraced by **84.36 INR (135.58%)** from its low, marking the depth of the cup.
2. **Handle Formation**:
- The chart shows a smaller, shallower pullback forming a handle near the right side of the cup. This is a sign that buyers and sellers are testing support before the potential breakout.
- The handle represents a consolidation before the next move up, and the breakout typically occurs once the stock clears the high of the handle.
3. **Measured Move Targets**:
- The height of the cup (around **105.55 INR**) is used to project price targets.
- The first target is set at **243.99 INR**, and the ultimate target is projected at **272.20 INR**, marking a **63.30%** rise from the breakout point.
4. **Volume**:
- There's an increase in volume near the breakout, which typically confirms buying interest.
- Volume is one of the most critical indicators when confirming a breakout from a Cup and Handle pattern, and this shows strength in the bullish move.
5. **Support and Resistance Levels**:
- **146.90 INR** and **167.28 INR** serve as strong support levels.
### Cup and Handle Analysis:
- **Bullish Bias**: The Cup and Handle pattern is a continuation setup. After the handle formation, a breakout above the handle's resistance line (which seems to have already occurred) could lead to a strong upward move toward the projected targets.
- **Price Targets**:
- **Immediate Target**: **243.99 INR**.
- **Extended Target**: **272.20 INR**.
- **Risk Management**: A potential stop-loss could be placed below the handle at **216.13 INR**, which represents key support after the breakout.
The stock looks bullish in the medium term, but you may want to watch for volume confirmation during the breakout and set up appropriate risk management in case of reversals. Let me know if you'd like further details!
PIRAMAL PHARMAPPL offers a portfolio of differentiated products and services through end-to-end manufacturing capabilities across 17 global facilities and a global distribution network in over 100 countries. It includes an integrated CDMO business, CHG business and ICH business, selling over-the-counter products in India. In addition, it has a joint venture with Allergan, a leader in ophthalmology in the Indian formulations market.
Piramal Pharma Solution provides integrated drug discovery, development, and manufacturing services for both drug substances, i.e. active pharmaceutical ingredients (APIs) and drug products, i.e. formulations across the life cycle of a molecule, from discovery and clinical development to commercial launch. In addition, the Company has a joint venture (Allergan India Private Limited) with Allergan (now AbbVie), one of the market leaders in ophthalmology in the Indian formulations market.
The Company is among the leading players in India in the self-care space, with established brands like Saridon, Supradyn, Lacto Calamine, Little's, Tetmosol, i-Pill and Polycrol.
Piramal Pharma All Time High Breakout #PPLPHARMAKey Highlights : 👀
🔷 Name : NSE:PPLPHARMA
🔷 All Time High Breakout 🔥
🔷 Monthly Bollinger Bands Blast 🔥
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy Learning. Cheers!!
Shyorawat Arun Singh ❤️
(@Shyorawat_ArunSingh)
Founder : Shyorawat Investing School
PPLPHARMAIMPORTANT POINTS
1. RSI - 60 CROSSED ON MONTHLY CHART
2. CUP BREAKOUT OVER ONE YEAR
3. SECTOR BREAKOUT
4. Trading at 35.2% below our estimate of its fair value
FUNDAMENTALS
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
PPLPHARMA bullish; above 180.9 ? - Thursday 8th Aug.PPLPHARMA: Moving in a upward parallel channel and aiming for gap fill and beyond? .
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....